The community of decentralized staking platform Ether.fi has initiated a new proposal for a vote, which outlines the buyback of ETHFI tokens using up to $50 million from its treasury.
As per the proposal's details, these buybacks would be triggered if the price of ETHFI drops below $3. Currently, ETHFI is trading at $0.96.
The community vote commenced on Snapshot on Friday, November 1st, and is currently showing 100% support. The voting period will conclude on November 4, 2025. Should this proposal be approved, it will mark Ether.fi's third buyback program. The platform has previously conducted buybacks for liquidity support under proposals #8 and #10.
The proposal states, "The Foundation’s goal is to gradually increase repurchase capacity in proportion to protocol revenues; specifically, while the ETHFI price remains below $3, it is to use surplus revenues to strengthen market confidence and reduce circulating supply."
This strategic approach is designed to synchronize the revenue performance of the Ether.fi ecosystem with the interests of its token holders. All buyback transactions will be recorded transparently on-chain, and the outcomes will be made publicly accessible via a Dune Analytics dashboard.
According to Coin data, the ETHFI token is currently trading at $0.9635, representing a 3.74% decrease in the last 24 hours. The token's market capitalization stands at $543.56 million.